We have multiple news 29 Oct 2014 13:02
$7.8M CASH FULLY FUNDED
TRUE VALUE BETWEEN 6p - 10p
1- 100% owned Woodstock electrolytic manganese metal project
2 - 100% Buchans Newfoundland metals
3 - Mexico - Laguna & Bilbao project
All of Minco's Mexican interests are held indirectly through its investment (26%) in Xtierra Inc., a company whose shares are listed on the TSX Venture Exchange.
Xtierra holds mineral properties located in the in the State of Zacatecas in the Central Mineral Belt of Mexico. The Central Mexican Mineral Belt is a prolific mineralized belt that has historically generated the bulk of Mexico’s silver production from the early colonial period to the present day and hosts many world class precious and base metal deposits.
4 - Curraghinalt Gold Project, Northern Ireland (Royalty interest)
Minco holds a 2% net smelter royalty on production from the Curraghinalt gold prospect near Omagh in Co. Tyrone currently owned by Dalradian Resources Inc. who are currently conducting an active exploration programme using six drill rigs. Curraghinalt has an indicated mineral resource of 400,000 ounces (0.95 million tonnes grading 13.24 g/t gold) and an inferred mineral resource of 1.16 million ounces of gold (2.46 million tonnes grading 14.64 g/t gold).
5 - Tatestown Project, Ireland (21.5% owned)
The Prospecting Licence is located adjacent to the Navan orebody belonging to Tara-Boliden at Navan, Co. Meath, Ireland. This licence is the subject of a joint venture between Minco subsidiary Westland Exploration Ltd. and Tara-Boliden and Tara-Boliden is the operator and manager of the joint venture. Westland's interest is approximately 21.5%.
Earlier exploration had identified the Tatestown deposit which has an inferred resource of 775,000 tonnes grading 5.42% zinc and 3.83% lead which is separated from the Scanlanstown deposit, owned by Tara-Boliden (888,000 tonnes grading 6.45% zinc and 2.66% lead), by the River Blackwater.
Tara-Boliden has continued exploration of license 1440R in an attempt to identify further mineralised areas that could be developed as satellite deposits for feed to the mill at Tara-Boliden's Navan mine.
6 - North Pennine Project, England
Minco has commenced a new exploration initiative in the North Pennine Orefield located in the northern English counties of Cumbria, Northumberland and Durham. Minco has completed 5,800 metres of exploration drilling to date centred around the historical mining town of Nenthead.
Through a wholly-owned subsidiary, Minco has entered into agreements with a number of mineral rights and surface rights owners. The Company is in discussion with additional mineral rights and surface rights owners to add further exploration rights located in other parts of the North Pennine Orefield.
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